Mustafa Hantoush, a researcher specializing in monetary and banking affairs, showed that the central bank’s choice to elevate the ceiling on commissions on digital fee transactions, including playing cards, withdrawals, and deposits, is “an unwell-considered choice as traditional,” noting that such measures are not regular with the financial fact in Iraq.
Hantoush stated in a announcement to “dinaropinions.com” that “Iraq has approximately 88 trillion dinars saved in houses, and the authorities is attempting to withdraw this money by any possible approach, however it’s miles issuing ill-taken into consideration selections that result in the advent of monetary bubbles within the marketplace rather than strengthening banking transactions.”
He introduced, “The significant financial institution problems selections without a actual examine of the reality of the Iraqi road, which ends up in the continuation of a series of measures that do not suit the wishes of residents, however instead deepens the distance among the banking gadget and the general public.”
